Not if you're in a clique mate.
Elstone refusing to allow shareholders who are also Blue Union members into meetings
- Thread starter BoysInBlue
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Not if you're in a clique mate.
BoysInBlue
Player Valuation: £50m
If you're not Paul Tyrell, you only have to say. Otherwise... it's a guess! Looking like a very good one at this point too.
EvertruvianMan
Player Valuation: £1.5m
Dude, solid soviets like us are born hard enough to tough it out. This bunch wish they could bite like the winter in mother Russia. That they are so feeble is why they complain, because they arent strong enough to enforce any change.
Well I don't agree with any of it mate. Especially the espionage. If someone wants to buy us it will happen. If any realistic buyer had made a realistic offer I'm sure they would be the first to oust the board as unwilling to negotiate. I personally believe there just hasn't been any real, correct interest.
The Esk
Player Valuation: £70m
We could have AGM's and EGM's if the Company's Articles permitted them (Companies Act 2006). It was the Board and the major shareholders that changed the Articles, it's not the law that is stopping the meetings happening...
Woolly Blue
Player Valuation: £80m
True. but before the Companies Act 2006, AGM's were mandatory for all companies. If the law hadn't changed EFC would have to have an AGM. The law wasn't changed so that companies like Everton could ignore their shareholders, but the law change has been taken advantage of by the current board.
Probably true, but the reasons for that are important. Massive over-valuation being one of them I reckon.
The Esk
Player Valuation: £70m
Agree - it is not good legislation, and thus full advantage was taken by our Board.
A valuation doesn't stop somebody placing a bid mate. Everybody knows that a sellers price is what they want, doesnt mean they are going to get it. But usually there is room for negotiation. If its up for £125m you'd expect the club to deal at £100m etc....
By god I'm blue
Banned at own request
So how many 100-125k football club sales have you personally been involved in then?
It's common sense, you don't put your car up for sale without a negotiation fee. It's the same principle with any sale.
The problem is that the valuation is so over the top as to prevent negotiation. For example, Mike Ashley bought Newcastle completely for around £135m - that's a one city team with a 52,000 capacity stadium with no pre-existent naming rights, no need to build or renovate a stadium. I'm not saying that's a perfect example of a club sale, but it's indicative.
For Everton to ask anywhere near £125m for a club that would need a new stadium as a pre-requisite to purchase is absolutely absurd in my eyes.
So when you say we're getting no realistic, correct bids for the club, it's hardly a surprise when we're valued roughly double what we should be.
Kenwright bought 68% of the club for £20m in 1999 (admittedly I wiki'd that figure, it's late and cba searching for corroborative evidence) and invested pretty much nothing into the club ever since. Don't really need to say anything more. I understand inflation/Sky money etc. etc. should be taken into account but I doubt anyone seriously believes that Kenwright deserves this sort of massive mark up given what the charlatan has done for our club (i.e. nothing)
By god I'm blue
Banned at own request
Sorry, I presumed you had knowledge of these things as thats how you put it across. But as you are comparing it to the sale of a ford fiesta you are clearly just guessing and have no actual idea.
Nobody knows what the actual figure is. I agree £125m is over the top. I think we're probably attractive at around £40m-£50m but even then a new stadium and star studded players is going to cost 5 times that in addition to the purchase. I think some people are expecting all board members to give the club away for free. I don't know our true valuation. The only way to find out would be to ask.
I bid 10 English pounds for a night of passion with your mother.
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